W81K0421D0001 - CLINICAL REFERENCE LABORATORY TESTING SERVICES AT ...

This IDC contract for Business Admin Services, Healthcare > Medical Practitioners was awarded in FY2021 on Dec 1, 2020 to LabCorp by Defense Health Agency. There have been $232.7M in obligations to date with a ceiling value of $232.7M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Dec 30, 2025.

LabCorp is a contractor located in NC, doing primarily Healthcare > Medical Practitioners work for Health and Human Services. The company receives $128.7M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Buying Agency/Office

Defense»Defense Health Agency

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